Aubrey Capital Management Ltd Has $725,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Aubrey Capital Management Ltd trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 94.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,360 shares of the specialty retailer's stock after selling 157,606 shares during the quarter. Aubrey Capital Management Ltd's holdings in Alibaba Group were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Sanders Capital LLC grew its stake in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer's stock worth $1,303,636,000 after buying an additional 11,473,618 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Alibaba Group by 461.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer's stock worth $365,686,000 after acquiring an additional 3,464,723 shares during the period. Blue Pool Management Ltd. acquired a new position in Alibaba Group during the 4th quarter worth $151,726,000. Morgan Stanley boosted its position in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer's stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares during the period. Finally, American Century Companies Inc. boosted its position in Alibaba Group by 65.6% during the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer's stock worth $304,318,000 after acquiring an additional 1,389,233 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Benchmark reiterated a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, April 10th. Susquehanna reduced their price target on Alibaba Group from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 8th. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 9th. Finally, Mizuho restated a "buy" rating and issued a $95.00 price objective on shares of Alibaba Group in a report on Wednesday, March 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $112.91.

Alibaba Group Stock Up 0.6 %

Shares of BABA traded up $0.44 during trading hours on Friday, hitting $75.55. 14,216,073 shares of the company were exchanged, compared to its average volume of 13,622,653. The company has a market cap of $191.71 billion, a PE ratio of 13.94 and a beta of 0.46. The firm's 50 day moving average is $73.19 and its 200-day moving average is $75.42. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.